Commercial Fixed Rate Loan

When you want to plan ahead with confidence.

If you’re looking for a fixed rate loan** for a larger business project or investment, then our Commercial Fixed Rate Loan could meet your needs. With a fixed interest rate, during the fixed rate period, you'll pay identical monthly amounts, allowing you to plan your budget with confidence.

An arrangement fee will apply, up to 1.5%† and dependent on the amount you borrow.

For loans <£1m any early payment made during the fixed rate period will incur a defined break cost. Break Costs are defined at the outset of your loan, giving you certainty around the costs involved. For Loans >£1m an early payment made during the fixed rate period can, subject to market conditions, incur a Break Cost which could be substantial.1

Talk to us about your plans and we’ll let you know how much we may be able to lend you. We’ll agree interest rates with you and let you know if we need security on your borrowing. We’ll also discuss all terms and conditions with you before you take out your loan.

If your financing needs are more complex, we may have an alternative product that may suit your needs better.

ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.

All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.

You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.

There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.

* Fixed rate period available 1-25 years, with a variable rate for the remaining loan term where the total loan term exceeds the fixed rate period.

** There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.

† An arrangement fee will apply and is related to the amount you choose to borrow. These terms will be discussed with you before you take out the loan.

1 New Commercial Fixed Rate Loans less than or equal to £1m booked after 11th July 2016 will have defined Break Costs set out in the Loan Schedule and Loan Agreement. Commercial Fixed Rate Loans booked before this date, and those >£1m can, subject to market conditions, incur a break cost which could be substantial. Your Loan Agreement will specify which type of Break Cost applies to your loan.

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Bank of Scotland plc Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 169628.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.

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